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Sri Lanka’s Keells Food December net profit down 21-pct

Feb 02, 2017 19:44 PM GMT+0530 | 1 Comment(s)

COLOMBO (EconomyNext) – Sri Lanka's Keells Food Products said December 2016 quarter net profit fell 21 percent to Rs77 million from a year ago.

Sales of the firm, a unit of John Keells Holdings group, fell 5 percent to Rs796 million, according to interim results filed with the stock exchange.

Keells Food, which makes processed meats, said December quarter earnings per share fell to Rs3.03 from Rs3.85 a year ago. The share was last traded at Rs152.50.

In the nine months to 31 December 2016, Keells Food EPS fell to Rs8.90 from Rs10.36 the year before, with sales flat at Rs2.3 billion.
(COLOMBO, Feb 02 2017)
 


 

1 Comments

  1. DS February 04, 08:04 AM

    Keels Food Products is not alone. Out of the 52 financial results released as at 3rd February 2017, December quarter profits have declined in 26 companies, which is a dismal 50 percent. Disappointing and depressing news for the struggling Colombo Stock Exchange.
    .
    This is a reflection of the effectiveness of the poor economic policies of the Sri Lankan Prime Minister Ranil Wickramasinghe who is leading the economy front under Sirisena Wickramasinghe regime

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